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off the cliff. >> so you want the sequestration cuts to go ahead, even on defense. i'm just getting breaking news that the president -- >> well, just remember, on defense, we are now spending substantially more, inflation adjusted, than at the height of the vietnam war, when we were waging the cold war and we had 500,000 troops in the field. >> well, cnn has just confirmed, congressman, that the white house, the president will meet with the congressional leadership, both parties tomorrow at the white house. what do you think they need to put on the table and get done tomorrow? what do you want to hear them say? >> john, when did we stop teaching civics in our schools? the president is not supposed to be part of the deliberative process. he heads an entirely separate branch of government with an altogether different purpose. i think we need to go back to the way the government was designed to operate, and that is the deliberative function, in the legislative branch, both the house and the senate, acting independently. and then resolving their differences through conference. that proc
prepared a detailed plan for defense of saudi oil fields against the iraqis. general colin powell released this statement in part, with the passing of general norman schwarzkopf, america has lost a great patriot and soldier. he has served his country with distinguished patriot him for 35 years. general schwarzkopf could have died in tampa. he was 78 years old. harris: general schwarzkopf could have credited again with leading the u.s. to victory in the first gulf war. stay close. we'll be right back. harris: right now some crime headlines we're keeping an eye on. three police officers wounded in a shooting at a new jersey police station. it happened in gloucester. we're told the man who was in custody there was shot and killed and there is no danger now to the wider public. >>> the trial for craig's list murder suspect richard beasley is being delayed. it was supposed to start next week but has been put off until february so his newly hired attorneys can be put up to speed. he posted help wanted ads on craig's list and robbing and killing people when they responded. >>> a 17-month-old girl
and their family, but the eisenhower's were amazing with me. john, susan, david are completely open, not defensive, which is unusual. incredibly helpful and i could not have done this book without them. so thank you, susan. six weeks after dwight eisenhower became president, stalin died. paik caught together top advisers and officials in that, what's the plan? .. is >> little bit like colonel sanders of kentucky fried chicken. was clearly a figure. ike was rooting for the general, the head of the red army was ike's ally in defeating the nazis in world war ii. eisenhower sent his son john out to do a little spying. john seidel up to him. things are not as they seem. president eisenhower did not find out who was really in charge until the fifth day of the conference, when ike proposed what he called his opened scottish plan. the big fear in those early days of the nuclear age was a surprise attack. so ike proposed that each country on the other countries to fly over head to take any preparation of an attack. the soviet delegation initially seemed like the idea, but at a reception afterwards a short
rumors former senator chuck hagel is being considered for secretary of defense, we will look at why the debate over his potential nomination could be a, could be rivaled one of the other ambassadors, susan rice. >>> as people struggle to deal with wicked weather, those with heart issues could be facing serious consequences of the we've got tips on how to protect yourself. jamie: i've been waiting all morning for this one because there is growing outrage after a newspaper in upstate new york publish also the names and addresses of every handgun permit holder, not necessarily owners of guns, in their area. it is "the journal news". they first published a map on its website on saturday and names were all obtained legally by the paper under the freedom of information act. the map doesn't indicate whether the residents actually owned handguns as i mentioned. only they're legally able to do so. and the information doesn't pertain to rifles or shotguns which we've heard so much about in the tragic stories over the last couple weeks. those of course can be bought without a permit. we want t
't be surprising to see a skate-along through the session. you mentioned defense stocks. the sequester sectors have been doing quite well. financials, obviously. housing stocks on a tear this year. but take a look also at the defense index. the philadelphia defense index, we are very close to all-time highs on this defense index. there are a couple of names to watch within this index. general dynamics, which has had a nice run since about the mid-november time frame or so, announcing today that along with huntingtonengles, it has won a navy submarine contract. and those are secure even if the defense department undergoes sequestration. interesting deal being made there. >> taking a look at some of the biggest names that are among the biggest losers. traders have told us, if you're in the money on a lot of these names, why not take some money off gap for instance, masco. names like that are related to housing and retail. >> and speaking of retail, coors, third straight day of losses for shares of coors. a big winner so far this year. yesterday, citigroup had cautious comments from itses, saying in s
charged. when the trial began in february of 1964 the defense took the strategy of blaming the victims to dizzying new heights. >> it was keenan who devised their defense. >> every time i talked to a lawyer it was are you sure this is not a publicity stunt. everybody was sure it was a publicity stunt. that gave me the idea. >> all three had their own lawyers. john irwin's attorney was gladys root is, known for wearing outlandish hats to court. >> she was a piece of. she was. >> she claimed the whole thing was a hoax orchestrated by frank, jr. purely for publicity. in the trial transcript obtained by fox files root labeled the kidnapping an advertising scheme and planned contractual agreement. the sinatra family was outraged. >> i remember it mostly being oh he fended and stunned by -- offended and stunned by the lawyer gladys root. she knew that once you ring that bell it is rung. >> in his opening statement, keenan's lawyer also blamed sinatra saying that "the actions of frank sinatra, jr. are suspect of chicanery from start to finish. >> kidnapping a a hoax and little, no realization
fundamentally? >> pretty defensive areas in many cases there? >> i would say that -- >> thank you. we've got to go, guys. thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take them up on that because president obama since that letter has won the election and now we're looking at the possibility of a mini deal that would get enacted before january 1st but so far all we've heard are the sounds of silence in the negotiations. a senior white house official told me today when i asked
slaughtered, and we have to come to the table not defensively and acknowledge these are not just other people's kids, they could be our kids and grandkids next time. i think the entertainment culture has to accept some responsibility. you know, in almost every one of these cases of mass shootings, it's the same pattern. a young man troubled, reclusive, almost always involved in some kind of violent entertainment media gets guns and then kills a lot of people. we have to stop it. >> there's a lot here i wanted to ask you about, and i want to move on to senator chuck hagel, a man you know. we are led to believe he may be the person president obama wants to lead the defense department when secretary panetta leaves. you may know that a number of jewish organizations and folks on capitol hill have objected already to the idea of hagel saying he has had a number of anti-israeli votes, that he has said things they perceive as anti-israeli. has chuck hagel in your opinion disqualified himself because of these various stances from becoming secretary of defense? >> i served with chuck hagel and worked
colleague from nebraska, being secretary of defense. john cornyn said he would oppose that nomination because of his views on israel and other issues. would you have any problem with that nomination of senator hagel or for that matter senator kerry? >> well, i have no problem at all with john kerry. i've served with him for four years on the senate foreign relations committee. he's done outstanding work particularly in the middle east, has been a great envoy and diplomat to the united states and i think he would do great as secretary of state. as far as mr. hagel is concerned, i served with him on the senate, but he hasn't been nominated yet and i'll reserve any judgment until after the hearings we have on confirmation if, in fact, he is nominated. >> senator klobuchar, on senator hagel, even the top democrat on the foreign affairs committee eliot engel said he has severe issues with secretary -- the possibility of secretary hagel because of what he called his endemic hostility towards israel. do you share those concerns? >> well, again, i want to see what happens to these hearings. i
. >>> plus the chuck hagel for secretary of defense bubble has been popped. by floating other names. did obama's miss like bork even getting nominated? i don't like this process. >>> and new reports the tea party process was imploding, imploding well before election day. including an attempt with dick armey getting aimed. >>> plus we'll have the top viral videos of 2012 including this one. >> we're all on our own if romney has his way. and he's against safety nets. if you fall, tough luck. so i strongly suggest that you wake the [ bleep ] up. >> actually, that's samuel l. jackson, he's a nice fella personally. this is "hardball," the place for politics. he really is a nice guy. i met him. lf? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and
passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to defend himself. >> will you support him? >> i'm going to wait and see what happens in the hearings. i've got questions with chuck and iran, hamas and hezbollah, his position toward israel, just afghanistan. i want to hear what he has to say. but very troubling comments by a future secretary of defense. >> senator schumer, should the president make that nomination? >> well, that's his choice. i think once he makes it his record will be studied carefully, but until that point i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> we're going to leave it
to restore some of the defense cuts they say go just too far. in that quick time period, maybe a week or two, the president can position himself as, sort of the restorer of tax cuts for the middle class and of defense spending. gregg: right. >> thereby, i think, helping to ameliorate some of the problems that democrats faced over past three decades politically. gregg: what of john boehner though? steve latourette, who said, the same 50 or 60 chuckle heads who always screw things up, speaking of the tea party group. >> yeah. gregg: he said it is not really the speaker's fault. is it the speaker's fault? >> well, look, i think boehner was, he is in a bad spot. there are no good outcomes here for republicans. there have been no good policy outcomes for republicans. i watched the steven latourette comment, one of the things that struck me, these are the guys, 50 or 60 chuckle heads came here and screwed things up. the presumption congress was working just fine before they arrived. i would argue that it is nice we have people in congress who are actually serious about looking at the long term con
, secretary of defense. during the civil war, and in fact during world war ii there was a secretary of war who was responsible for the army and secretary of the navy, obviously responsible for the navy, who sat as coequals at the cabinet table, and they were members of a coalition perhaps. they were on the same side without a doubt. but they were hardly partners. and that became very clear early on. not only with haleck, "general can't be done" jealous of his own command. wanted to keep the forces under his own control, which he believed was essential to capture the railroad hub, and the navy whereas equally jealous of partnering with he army. they didn't want to do it. secretary of the navy, gideon wells, was actually determined whenever possible that the navy should do things without helping the army. wasn't that they could do it without the army. they routey sought to do it without the army, and that was a good thing because they got the headlines. so, behind all of this difficulty that begins to emerge now late in '62, there's an underpinning of jealousy, competition, rivalry, between the
defense and social security and medicare. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who respects the voter and who thumbs his nose at the voter. we go over this cliff and you will not have to ask for whom the bell tolls, it will be tolling for you. leading off tonight, josh green and chris frates of "national journal." you don't have to be as clear as i but try, gentlemen, tonight. it looks to me like one party, once again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed? >> i think republicans will get blamed, but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the cliff -- >> and then they can technically say -- >> they're voting for a tax cut. >> do they presume the voters are that dumb? they think there's a difference? they might think that. >> they might. >> do they think the voters are t
plan that involves changing the cost of living adjustment for social security beneficiaries. if defense cuts are on the table, do you believe that entitlement savings should be as well as both sides are trying to say we want to reach the sensible center on this, but either side won't budge? >> well, you know, what you're saying sounds sensible, but it ultimately isn't. the reason why is because we're talking about seniors that live on $22,000 a year and are going to face a $650 cut by the time those seniors get 75 years old. you're saying the poorest of the poor, the most economically vulnerable people on fixed incomes have got to do -- get by with less when the military budget has literally doubled -- more than doubled since 2010. here's the thing. if i -- giving up your one coat if you only have one coat is nott the same as giving up one coat if you have ten coats, right? so what -- so the ekwifl ensy that people are trying to derive here just isn't there because low income seniors have been squeaking by for so -- with so little for so long. that's why we are sort of taking a tough po
as a potential secretary of defense. >> senator kerry will go through and, he is an appropriate secretary of state. i think, for a light footprint, often -- he'll execute president obama's foreign policy confidently, i'm sure and i think senator hagel will either not be nominated or confirmed, he's more extreme than john kerry and, the obama white house says he's a republican and, republicans will go for him, but on foreign policy issues, especially the last several years, he is way to the left of president obama in terms of iran sanctions. he's -- iran sanctions, the vote which got 92, 97 votes in the senate and he voted against, and, a letter signed by 99 senators, denouncing russia and he refused to sign it and he's anti-israel and talked about the jewish lobby in 2006. and for a republican -- talking about the jewish lobby having too much influence on capitol hill, will that person be appropriate to be secretary of defense? i think senator hagel will not be nominated by president obama, he likes him, they went on this trip together and he likes the idea of having a republican and all
, not playing well, not getting things going on the defensive end. today, the ravens picked on cory webster all day in that giants' second dare. flacco played great on this day. baltimore going back to the postseason, division champs. w the goal again, can they get into the super bowl? they almost did it last year, coming up just short against the patriots. >> you think your super bowl pick before the season -- >> ravens and 49ers. and they looked great today. >>> bengals had a great day. >> first time since 1981, bengals in the playoffs back-to-back years. kenny anderson was the quarterback the last time they did it. so a long time ago. bengals get a touchdown on a ben roethlisberger interception. the steelers are just not dynamic enough on offense. they had all sorts of problems today. they do come from behind to tie it 10-10. but late in the fourth, josh brown, former steelers kicker, able to win it in the closing seconds. cincinnati wins 13-10. >> week 17 coming up. that's a wrap on week 16. thank you, sir. as always, thank you. more football coming up next on the "world news now" competiti
.s. that's the assessment of three officials in south korea's defense ministry based on assessment of a part they recovered from one of the rockets. it shows the nuclear neighbor's intent. >>> president obama has not even nominated former senator chuck hagel as his choice for secretary of defense, but haggle taking heat over his past positions on iran and 2007 interview when he said "jewish loe lobby intimidated lawmakers." >> i would have serious questions to ask him, not just about israel, but to me the most significant foreign policy challenge for president obama and our world is iran. nuclear weapons program. chuck hagel has had some very outlying votes on that. >> i don't think he's going to get many republican votes. i like chuck, but his positions, i really didn't know all of them, frankly well out of the main street and to left of the president. >> he is the subject of a new ad opposing his nomination as defense secretary. dana, what do you think? he might not sail through like john kerry. is he going to get the votes you think? >> i think the question is whether or not he
people living in a different world and they are not responsible. i believe in the insanity defense and acquittal on the grounds of insanity. >> daniel patrick moynihan, great american center, public servant, had a simple suggestion. tax the magazines, the bullets. i do not care how many guns they have. if they cannot fire them, they will not kill people. >> state department takes a big hit on benghazi. >> the state of art and had not given benghazi the security both physical and personnel resources it needed. >> former ambassador thomas pickering, former chair of the accountability review board investigated the attack. the report is the result of three resignation so far. i guarantee that is not the end of this debate. >> i feel a little bit as if, you know when somebody is going down the street and they cut someone off. the other guy is curious and the arab driver says, you are right. that is what happened this week. the state department said you are right. it took the wind out of the sales of the republican conspiracy theorists, i think, someonwhat. a hearing on capitol hill was
and they are not responsible. i believe in the s&p defense and on the grounds of acquittal by and sanity. daniel patrick moynihan, great american center and public servant had a simple suggestion. tax the magazines, tax the bullets, attacks the ammunitions. i do not care how many guns they have. if they cannot fire them, they will not kill people. >> state department takes a big hit on benghazi. >> the state department had not given benghazi the security, both physical and personal resources it needed. >> former ambassador thomas pickering, the chairman of the accountability review board that investigated the attack, the board report has resulted in three resignations so far, but i guarantee that is not the end of this debate. >> it is not, but i feel like -- when somebody is going down the street and they cut someone off. the other guy is furious and the errant drivers says you are right here that is what happened this week. the state department said you were right. it sort of took the wind out of the sales of the republican conspiracy theorists', i think, somewhat. a hearing was only an hour-and- a-ha
early last week. they stopped the defense sequester and that's all they did because it won't go anywhere after that. the $500 billion in defense cuts are still set to take place. all the other spending cuts are set to take place and it's, of course, in deal-making this is called the ckabuki theater and people are depending on them to get it right by the deadline. there's no argument being made that it's good to go over the fiscal cliff. >> please, make the argument, dean. >> one argument is that there are will be a lot of people in washington that pretend to be ve very knowledgeable. but seriously, if nothing happens on january 1st, i'll be subject to a higher rate of withholding. if they do a deal on january 5th as opposed to december 28th, the difference to 99.9% of the population is basically zilch and we get to see a lot of people with egg on their face. >> why. >> because they've been running around like the myian calendar, the end of the world and it's nonsense. the reality is on the spending side, president obama will keep spending in accordance with what he thinks the deals look
what happened, whether he was there or not. >> secretary of defense robert gates recommended an air strike with no forces inserted on the ground. cia director panetta supported aa raid by special forces. so did secretary of state clinton. vice president biden wanted to wait on further proof that bin laden was indeed there. how contentious did it get among members of your team? there was not consensus. >> it was never contentious because i think everybody understood both the pros and the cons of action. there were doubts that were voiced inside the situation room, but they weren't doubts that weren't going through my own head. people advocating action understood that if this did not work, if we proved to be wrong, there would be severe geopolitical consequences and we might put our brave navy s.e.a.l.s in danger. >> at the meeting the president did not indicate which way he was leaning. >> as we were walking out and walked up together as we walked out of the room, he said, you know, it's time to make a decision. i know it sounds trite. the president's all alone. all alone. >> the pre
increase in the deficit, the problem is it is not finance the oil. either have to eliminate the defense department or eliminate all civilian employees. you would not able to administer all this regulation if you don't do something about spending. even with tax increases, the kind i described in the previous question, would not be enough. ineffective regulation. effective regulation can be quite beneficial. in the automobile sector, the mileage requirement, but permits everybody to strive to a higher mark, up chiselling on the mileage stickers on cars. it improves our energy efficiency. that's a good thing. that is spurring growth. but the kind of reforms we have on wall street have not solved the problem. look at what happened last week's at usb, not only wild and irresponsible behavior, but then we have attorney general holder determining that he general holderubs the fullest -- attorney general holders a betty cannot prosecute ubs because he is afraid ubs is too big to shut down and would destroy financial markets. i thought dodd-frank was supposed to fix that. what was so disconcerti
burns a former federal prosecutor and criminal defense attorney. and john manweli, a former criminal defense attorney. waoepl mawaoepl may not influence that the high court cases influence people practicing law day-to-day. doug -rpbgs tel tell me your thoughts on the healthcare. >> a lot of the people ran out of building saying it's been struck down. it was struck down on commerce clause grounds and the necessary and proper clause grounds. jaime: it had to be. >> there it was on page 10 that it was being upheld as a tax which i agree w. the long and short of it was it's the same analysis that we rendered all yearlong. it's 2700 pages long, i'm not sure anybody understan understands. i asked a friend of mine who is a physician can you tell me what is in the health code. he looked at me bang leave. >> john, what do you think about the court a growing to take up two gay marriage cases, what could be the impact of that? >> well, the court has a balancing act to do. obviously if you're a person of homosexuality and would like your rights there is an equal protection clause in the constitu
is going for his next job in colorado. defensive coach coach for the interim. he is also headed off to colorado. san jose state setting a precedent. all they have a great season next year than when their boat and 29-2. >> a reminder new year's eve is around the corner there is never wavering in here is always the kron 4. the biggest part is a spectacular fireworks. will be on kron fours new year's live show. as those by catherine heenan and gary radnich. kron fours new year's live starts 1130 on new year's >> tens of thousand people in san diego gathered to watch the annual winter schnitzel winter nationals-- weinerschnitzel winter nationals. >> 8 sachshunds raised on a 50 ft. track $4,000 prize and the title sasses leonard all. >> oscar of round dachshund from tucson, arizona was the winner. >> more continues on the project at 25,000 white elie the lights to the deficit is caused by the bay bridge is part of the lights go to our artists villareal . >> project organizers said $8 million, privately funded project is the largest of its kind. >> about four times larger than the eiffel
them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really the ones who will negotiate this deal and potentially you have ten or twelve republicans in the senate that will pass something and throw it back to boehner and then it will be a question, will he
of those bush tax rates into the future and would turn off the sequester by switching defense cuts over to domestic programs. democrats, of course have no intention of doing that. especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going t
to play in the all-star game. 6 from the defense, 3 from the offense. sack master aldon smith makes his first appearance on offense. frank gore, who became franchise's all time leading rusher this year, will make his fourth career pro bowl appearance. raiders by the way left out of the pro bowl for the first time since 2003. six broncos including peyton manning. >>> big day for the san jose state football team. the spartans are take on bowling green in the military bowl in washington, d.c. at noontime our time today. san jose state finished the regular season ranked number 24 in the country. they had a big season. their defensive coordinator kent baer will head the team since the regular season coach mike macintyre went to colorado. the spartans hoping for the first 11-win season since 1940 so good luck to san jose state. >>> nobody in the nba is getting excited to see the golden state warriors come into town these days because they win. the latest road victim for the warriors the utah jazz. that guy had a big game. stephen curry scored golden state's first 11 points. he lays it up and
number 24 in the country. defensive coordinator kent baer will head the team since the regular season coach mike macintyre has left for colorado. the spartans hope for the first 11-win season since 1940. >>> the 9ers are sending nine players to the pro bowl six from the defense and three from offense. sack master aldon smith makes his first appearance on offense. frank gore the franchise all time leader rusher this year will make his fourth career pro bowl. raiders players by the way were left out of the pro bowl for the first time since 2003. >> how many broncos? >> uhm, i think five. >> okay. i knew she would know that. [ laughter ] >>> nobody in the nba is getting excited to see the warriors come to town these days. they are road warriors in a big way. the latest victims the utah jazz. stephen curry scored golden state's first 11 points in the game. he finished with 23 and the warriors got their 11th road win 94-83 against utah in salt lake. that's all they won on the road all of last year. this team is hot. >>> your play of the day keeps us in the nba. we have knicks and suns. one
's coach going back to mark sanchez. ryan said sanchez is more familiar with the bill's defense and i don't like tebow i think he said. just kidding about the last part. it is a bad start for the nets. avery johnson fired as head coach. there are reports that the nets will go all out to recruit superstar coach phil jackson. >> julia: too early. >> eric: we'll go to maria molina. yes, no? i am sorry, check out this video. it is new surveillance video of a tornado stuck in mobile, alabama. there you go. parking lot of a walgreen's store. the strong winds lifting up the cars in the parking lot. fortunately no one was seriously hurt . now, we can talk about going to maria molina . take it away maria. sorry about that. >> no problem. fortunately we'll not see tornadic activity in the south but areas hit hard with tornados in alabama and mississippi will be getting rainfall today. we have a brand new storm system that we are track bringing get more snow on the northeast as we head into torm tomorrow and that storm that just left. expecting a dry day. we got 20 inches was snow in upstate new yor
face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloughed, forced to take unpaid days off, anywhere from 20 to 50 days. we really don't know. it depends in part on the agency and it depends in part on how much of the remainder of the fiscal year these cuts are squished into. so it's -- that's one bad situation. and then the so-called grand bargains and deals, many of those include provisions that would cut federal retirement benefits and extend the current pay freeze for an additional three years so that federal employees would go five full years without any paid a justments. >> ifill: hugh johnson, if you were an investor or a business owner and you're watching wall street watch the fiscal cliff debate what are you telling them? are people nervous? >> well, even though i think there's been some positive things unfolding-- and i think the most positive thing that's been unfolding is the fact that the markets have not collapsed desite this very significant risk that we could go off the cliff, w
defense spending and blame it on the republicans. the problem is we have had harry reid and the senate democrats haven't passed a budget plan in three years and they're looking at just raising taxes. we need to seriously address the spending in this country and we haven't had that from the democrats. we have to have that for things to pass. really get this deficit under control. >> all right. so keith, that was a loud sigh that you just gave. >> you heard that? >> i think everybody at home just heard that. so you obviously do not agree with alice's assessment there. i want to show debbie wasserman-schultz's quote. no 48-notice on house votes just yet. the president has a lot to gain politically with the blame on republicans for letting all of the country go over the cliff and the fact that they seem to hold on with the death grip for millionaires in this country. >> the republicans will be blamed it seems according to the polls going over the fiscal cliff but the president is responsible and wants the deal. he's been trying to negotiate by making reasonable concessions. lowered the rev
to pay lower taxes and get more services if you're in defense, you say, we need the money. if you're in agriculture, you see we need subsidized crop insurance. where does it end? in montana, we've had eight years of -- they're not willing to do that in washington, d.c. they just kick the can down the road. >> what does it mean in terms of federal aid or reduction in federal aid if we go over the fiscal cliff and even if we don't go over the cliff, and they come up with a bandaid, you risk losing more federal aid down the road, don't you? >> no question about you. we're a rural state. montana is the size of pefl r. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes
and they happen in defense and in medical as well. how much are those providing services to those sectors of the economy. >> one is my sister. she's a doctor and runs two medical practices here in the philadelphia area and she's a small business owner and it will hit her pretty hard because medicaid payments will be cut. people in other industries, particularly like you had said, tied to defense, those people will be hurting as well. however, if you're in the accounting business, what with the increase of taxes not such a bad year for you next year so it depends on what kind of business you're in. >> oh, yeah. if you prepare tax filings you're going to -- it's great, right? the more complicated the taxes get the better it is for you. it's terrible. >> you got it. legal profession, if you're in temporary services because people want to hire, not such a bad year for you or if you provide some type of technology services that will save companies money or reduce their overhead also not such a bad outlook. it happeneds on the small business that you're in, absolutely, some will go through pain
to succeed the defense secretary. you have former republican senator chuck hagel being talked about as a possible replacement as defense secretary, but i understand there's a lot of complications here and even controversy. can you tells what's happening in terms of background discussions of chuck hagel taking that job. >> you know, his name has been out there for a few weeks now as the sort of so-called front-runner. maybe it's a bit of an administration trial balloon at this point. we don't know. officially the white house hasn't made a decision on who at the present times to be the next secretary of defense, but they have let hagel's name be out there. that gave time for the opposition to reform. republicans and even democrats on capitol hill, his former allies coming out and being concerned about some of his positions that he took as a u.s. senator. alleging that he was not strong enough on countering iran, did not strovote for iran sanctions especially critical of his stance on israel. that he was perhaps not as supportive of israel as he should have been. chuck hagel is a prese
of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spok
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